2026-06-11 11:22:40 am | Source: Kedia Advisory
Sell Gold AUG @ 149500 SL 150500 TGT 147500-146500. MCX - Kedia Advisory
GOLD

SELL GOLD AUG @ 149500 SL 150500 TGT 147500-146500. MCX
Observations
Gold trading range for the day is 145970-151880.
Gold falls on fading Middle East peace hopes US inflation rose to 4.2% in May, its highest since April 2023, fueled by soaring energy costs tied to the Iran conflict
President Donald Trump stating that Iran will "have to pay the price" for delaying negotiations
Traders are currently pricing in a 70% chance of a U.S. interest rate hike in December, according to the CME FedWatch tool
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